PLANSPONSOR Weekend Newsdash
Week ending August 5th, 2016
Happy Friday, PLANSPONSOR readers! This week, we learned that Millennials do not have confidence they will be able to save $1 million for retirement; however, Fidelity finds Millennials have record account balances. For those of you responsible for open enrollment at your company, the time is drawing near, and Mercer suggests it may be a good time to also promote retirement plans. In addition, two more self-dealing lawsuits were filed this week. All this and more news in this edition of PLANSPONSOR Weekend.
Editor's choice
Open Enrollment Not Just About Health Benefits
Mercer experts reviewed open enrollment objectives and recent developments in the health care provider market during a webcast Thursday—suggesting open enrollment can also be a time to address the retirement package.Read more >
Data and Research
Most Millennials View Retirement Savings Goal as Impossible
The majority of working Millennials, 64%, do not think it will be possible for them to save $1 million—frequently cited as a savings target—over the course of their lifetime, according to the Wells Fargo Millennial Study.Read more >
Data and Research
Fidelity Finds Millennial 401(k) Account Balances at Record Levels
Fidelity’s latest retirement analysis reveals its customers have increased their 401(k) balances on average and its Millennial account holders are making record savings.Read more >
Neuberger Berman Accused of Self-Dealing in 401(k) Plan
The case calls out one fund in particular, which it says “was larded with high fees and has suffered from consistently abysmal performance.”Read more >
Franklin Templeton 401(k) Plan Latest Cited in Self-Dealing Suit
Allegations are similar to a number of other self-dealing lawsuits against fund managers this year.Read more >
Share the good news with a friend! Pass the NewsDash along—and tell your friends/associates they can sign up for their own copy.Read more >
Not Having a Retirement Drawdown Strategy Can Affect Retirement Security

A survey finds a majority of retirees are using RMDs for ‘guidance’ about how to spend down their assets, but experts say this doesn’t support spending trends in retirement and doesn’t make the best use of their savings.

DuPont Plan Participants Claim Arbitrary Interpretation Reduced Their Pension Benefits

The complaint says Corteva Inc.’s ‘sleight of hand’ when determining when to label employees that were part of a spinoff as ‘terminated’ allowed it to deny promised benefits.

2021 Recordkeeping Survey
Defined Benefit vs. Defined Contribution: Understanding the Costs of Each
There are instances where a DB plan is the more cost-effective option, but experts say the trend of lower DC plan fees could be a game-changer.
Considering the Arguments for and Against Actively Managed Funds in DC Plans

The debate continues following a recent publication from the CFA Institute Research Foundation which asks, ‘Is active management worth it?’

Editorial: Alison Cooke Mintzer


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